NAB Addresses AML Regulations With Hawk's Speed and Scalability
Comprehensive Compliance in Just 4 Months
North American Bancard (NAB), a leading payments technology company, provides end-to-end infrastructure that allows clients to offer a range of globally preferred payment types. NAB’s diversified platform accommodates mobile, online, and in-store environments and processes over $45 billion worth of electronic payments annually through credit, debit, and pre-paid cards, as well as ACH payments.
Serving hundreds of thousands of clients across the merchant economy, NAB has grown rapidly through both organic initiatives and M&A, having completed 10 acquisitions over the past 10 years. To facilitate growth and address strict transaction-monitoring requirements related to AML regulations, NAB required a cloud-native solution to support several existing payment systems and data sources, as well as entry into new industry verticals.
Through Hawk’s centralized money-laundering detection platform, NAB implemented an end-to-end compliance solution – from transaction monitoring and investigation to filing and audit trails – in just four months
1 Billion Transactions
Processed annually
$45 billion
annual transaction volume
>70% False-positive reduction
versus standard rules
4 Months
to full implementation
“We tested and benchmarked many different systems in the marketplace and found Hawk AI to be a clear technology leader. In the payment processing business, you need flexibility, speed, and the ability to scale. The Hawk AI system delivers all those things. Their team has built leading-edge technology and applies a balanced approach between rules and AI.”
– Jim Parkinson, Chief Experience Officer North American Bancard
Effective
AI helps your exports spot anomalies and detect unknown crime patterns
Efficient
70% false positive reduction, your team can focus on priority tasks
Explainable
All stakeholders can easily understand and trust out system's results
Easy to Deploy
Built with deployment options that can be customised to your needs.